ESUUBI TRUST
Flnanclal Statements
And Trustees Report
29 December 2025
Charity No. 1115864
Company No. 05863107

Esuubi Trust
Hope of a future
(A charitable company limited by guarantee)
Report and Financial Statements
For Financial year ended 29th December 2025
Charity number: 1115864
Company Number: 05863107
Contents
Pa
eNo.
Reference & Administrative Information
Esuubi Overview
2025: Lighting up outstanding education for all
Holistic Approach
Sponsorship
Education & Progress
Structure & Governance
UK Focus & Finance

Reference & Administrative Information
Charity Name:
Esuubi Trust
Registered Charity number:
1115864
Registered Company Number:
05863107
Registered office and
Operational address:
81 Pashley Road
Eastbourne
East Sussex
BN20 8EA
Directors
Mrs Kate Campion-smith
Mr Jonathan Campion-smith
Dr Simon Eyre
Mrs Ann Eyre
Mr Nigel Campion-smith
Ms Nathalie Bonney
Accountants & Independent Examiners
O Olasode Bsc Msc MBA IPSM FCCA PhD
Chartered Certified Accountants
TL First Limited
I Copers Cope Road
Beckenham
Kent
BR3 INB
Bankers
National Westminster Bank Plc, Eastbourne Town Centre Branch, 96 Terminus Road,
Eastbourne, BN213AA
Solicitors
Latham and Watkins, 99 Bishopsgate, London, EC2M 3XF
Ugandan Committee of NGO: Esuubi the Hope for a Future Mityana
Head of Operations: Pastor Kisakye Abdul
Headteacher & Secretary: Namagembe Suzan
Committee Member: Kisakye Winnifred
Committee Member: Male Hassan
Committee Member: Musisi Charles
Esuubi Uganda Mobiliser: Kintu Margaret
Committee Member: Viollah Birungi
Committee Member: Timothy Ssemakula

Esuubi Overview
Esuubi passionately believes in
making a difference one life at a
time and 2025 has remained a year
where we were striving to achieve
our vision through focus on our core
values.
Our vision is...
For every child in Uganda to know
the love of a mother, the support of
afamily and the hope of afuture...
Our mission is...
o build communities and change lives in Uganda by giving the neediest children afamilyl
a home, an education and the chance of a better life.
Our values...
We believe every child has the right to be loved...
Love is a force which inspires, empowers, liberates, creates and sustains. Above all, we must
provide for the orphans of Uganda a love which enables them to love and care for those
around them. In time this will forge an enduring community, which supports its weakest and
defends its most vulnerable.
We believe every child has the right to access water, food shelter and education...
Although conditions for many have improved in Uganda it is sadly the most vulnerable who
have no access to clean water, safe shelter and an education. We believe that through
providing Uganda's needy children with access to water, food, shelter and education, we can
help to break the poverty cycle to build a more sustainable future for the whole country.
We believe in the difference that can be made by improving one life at a time...
Esuubi believes that by shifting the course of a single life we can impact the lives of many
others. At the heart of Esuubi is an understanding that in order to change lives in the future
we must grow a generation who have the life skills, education and understanding of how to
survive in a changing world.
,4 (..1..4..Jl￿.,I1l
Although Uganda is held up as a success story
within East Africa for its provision of free primary
education, the reality for many of the countries
most disadvantaged individuals is often very
different. The uptake of primary education in the
country as a whole is now very good, but the
quality of that education is very varied. With huge
numbers of children in classrooms and a lack of
qualified staff, many primary schools do not deliver
a full education to the children who attend.

The lack of students progressing from primary to secondary
education shows that free primary provision is not enough to allow
the children of Uganda to achieve their full potential, or break free
from the cycles of poverty many of them find themselves in. Nearly
three quarters of children in Uganda do not progress beyond
primary levels of education. There is also a significant discrepancy
between access to education for boys versus girls.
The rates of enrolment in the richest 20% of the country are 5
times that of the poorest. Based on the International Poverty line
around 42% of the country are classed as poor, and have limited
access to clean water and quality sanitation.
It is still common for physical punishment to be used on children justified by it being a cultural
norm for many. It is estimated that 85% of children experience physical or psychological
punishment by a caregiver. Esuubi believes this is unacceptable and is aiming to change the
life opportunities of the children we help to support.
This year marked 20 years of Esuubi supporting projects within Mityana with Esuubi formally
being registered in 2006. Esuubi supports the work of the NGO: Esuubi Hope of a Future
Group, a locally registered organisation that runs all the projects in Uganda. Firm foundations
for our work have been built through strong working relationships with the key individuals
and stakeholders in Mityana. We believe strongly in focusing our impact on one community
in order to support and nurture change.
2025: Lighting up outstanding education for all
Esuubi has continued in 2025 to work in
niil partnership with the NGO in Uganda,
Esuubi Hope of a Future Group. Their work
has centered around the opportinities
provided for children and young people in
Mityana, Uganda. Ekiwumulo Primary
School has continued to flourish this year,
with outstanding achievements in both
academics and across the arts and sport.
In February 2025, two trustees visited the projects in Uganda and reported on progress of the
NGO working there and were able to support and guide decision making, as well as report
back to trustees in the UK. During their time in Mityana they were able to look at progress
with agriculture that now covers much of the 25 acres owned with crops of coffee, cassava
and matooke. Both matooke and coffee are being sold to provide sustainable income for
Ekiwumulo, whereas cassava is being used for feeding the children. There are still a number
of goats and cows being used to further supplement the children's diets.
The trustees also discussed procedures within the school in regards to safeguarding and
ensuring appropriate measures were in place to protect vulnerable childen and young people.
They also looked at school routines and the curriculum to ensure they are following the
standards required by Ugandan authorities.

The generous donations from the Christmas appeal in 2024 have allowed for the beginnings
of work on providing electricity to Ekiwumulo in 2025. This is both an exciting opportunity for
those working and studying on the site, as well as being an opportunity to provide a safer
environment and further opportunites for learning.
The Esuubi Café has continued to operate at
low levels this year. Reduction in tourist
numbers, and limited to access to the roads
surrounding the café, have meant it is
limited to local business and events in order
to fund the running of the café. The NGO are
looking at the best ways to sell the café and
use the funds for more sustainable work
within Uganda. This is in the process of
discussion and should take place later in
2026.
Ekiwumulo Primary School celebrated really good results again this year with 64% of the
children achieving a second grade. This is 15% above the national average for Primary Schools
in Uganda. Not only this but 98% of students passed the Primary 7 Examinations this year,
despite some students struggling with attainment. This is compared to 90% nationally. These
results are a testament to the hard work of both the children and staff at Ekiwumulo Primary
School. We would like to thank all the staff at the school who go above and beyond to make
results like this a reality for many disadvantaged children.
Holistic Approach
The majority of funding from Esuubi goes towards supporting Ekiwumulo Village and Primary
school, as well as supporting those who have progressed on to secondary and further
education.
At the start of 2025 the new houses at Ekiwumulo
were opened allowing for more children to be
cared for on site. Ekiwumulo has been designed
around Esuubi's core values. It remains a strong
and viable community, which we hope to be fully
self-sustaining in future. In keeping with Esuubi's
ethos Ekiwumulo is designed as a village
community, with local culture and heritage at its
very core. There is no orphanage, as such, but
rather children are brought up by foster mothers,
allowing them to experience the love and care of a
family environment.
At Ekiwumulo children live within family groups, each with their own house and foster mother
caring for them. These "families" have been created to ensure that the orphans receive the
love and care so often taken for granted in a family situation. In addition, the mothers are
able to teach their children about the values and responsibilities of being a part of the family.
As part of this each family group is assigned not only their house to care for, but also tasks in

ESUUBI TRUST
FTNANCIAL STATEMENTS AND TRUSTEES REPORT
YEAR ENDED 29 DECEMBER 2025
Income from
membership
subscriptions
Membership subscriptions received in the nature of a gift are recognlsed in
Donations and Legacies.
Membership subscrfptions whfch gfves a member the rlght to buy services or
other benefits are recognised as income earned from the provision of goods
and servlces as Income from charttable artfvlties.
Settlement of
Insurance clalms
Insurance claims are only included in the SOFA when the general income
recognition criterla are met (5.10 to 5.12 FRS102 SORP) and are included as
an item af other income in the SOFA
Investment galns Thls fncludes any realised or unreallsed gains or losses on the sale of
and losses
investments and any gain or loss resulting from revaluing investments to
market value at the end of the year.
2.2. Expenditure and Liabilities
Liabllity
recognitlon
Liabilities are recognised where it Is more likely than not that there is a legal
or constructive obligation committing the charity to pay out resources and the
amount of the obligation can be measured with reasonable certainty.
Governance and
support costs
Support costs have been allocated between governance costs and other
supporL Governance costs comprise all costs involving public accountability
of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating
propew costs by floor areas, or per capita, stsff costs by the time spent and
other costs by their usage.
Where the charity gives a grant with conditions for its payment being a
speclflc level of servlce or output to be provlded, such grants are onIy
recognised in the SOFA once the recipient of the grant has provided the
specified service or output.
Grants with
perforniance
conditions
Grants payable
wlthout
perforniance
conditions
Where there are no conditions attaching to the grant that enables the donor
charity to realistically avoid the commitment, a liability for the full funding
obligation must be recognised.
Redundancy cost The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any
trade discounts
Provfislons for
liabilities
A liability is measured on recognition at its historical cost and then
subsequently measured at the best estimate of the amount required to settle
the obligation at the reporting date
The charity accounts for basic financlal instruments on initial recognition as
per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per
paragraphs 11.17 to 11.19, FRS102 SORP.
Baslc flnanclal
instruments
10

Esuubi would like to thank all those who
sponsor individuals in Uganda for the
difference they are making not only to the lives
of their sponsored children but also those
around them. In particular, we would like to
thank the mothers who care for these children
day in day out, and the teachers who provide
above and beyond what you would see at an
average Ugandan Primary School.
Education & Progress
Ekiwumulo Primary School began 2025 with 14
teachers with all year groups attending. At the start
of the year there were over 440 children registered
at the Primary school.
Esuubi believes that every child is different, and as
such the provision for their education should be
unique to that child's needs. Esuubi has therefore
continued, via the Ugandan NGO, to support
students both at formal school settings and
alternative education venues.
The Esuubi trustees who visited Uganda in 2025 also
had the pleasure of interviewing some "ex-
sponsored" students who have gone on to achieve
outstanding careers and are in turn making a
positive impact on their communities. One student
they interviewed was completing his course in
veterinary care this year and hoped to use his skills
to help others. One other individual who graduated
some time ago has recently opened a medical
center providing quality care to underserved
communities in Uganda.
A number of ex-students also provide mentoring for those currently supported by Esuubi,
helping guide them into making good life choices and making the most of the opportunities
presented to them. Looking at the impact these individuals are making we see the impact of
supporting one individual at a time and how far reaching this can be.
Structure and Governance
Esuubi Trust was incorporated as a limited company on 30 June 2006 and was later registered
on 21 August 2006 as a Charity underthe Charities Commission. The company was established
under a Memorandum of Association which established the objects and powers of the
Charitable Company and is governed under its Articles of Association. In the event of the
company being wound up members are required to contribute an amount not exceeding £10.

LSUUBI TRUST
FTNANCIAL STATF.MF.NTS AND TRUSTEF.S REPORT
YEAR ENDED 29 DICEMBIR 2025
2.3. Expendlture and Liabllitles
Tanglble flxed These are valued at cost and capitalised If they can be used for more than one
assets for use
year, and cost at least £1,000
by charity
The charge for depreciation is calculated to write off the cost of the r￿ed assets
over their useful lives on the following bases:
Office & Musical Equipment
Furniture & fittings
Motor Vehicles
Freehold Office
250h on the reducing balance
25 % on the reducing balance
25 % on the reduclng balance
l % on the Straight Line Method
Assets are depreciated from the tfjme at which they are brought Anto use.
Intanglble
fixed assets
The charity has Intangible fixed assets, that Is, non-monetary assets that do not
have physical substsnce but are identifiable and are controlled by the charity
through custody or legal rights.
They are valued at cost.
Heritage assets The charity has heritage assets, that is, non-monetary assets with historic.
artistic, scientific, technological, geophysical or environmental qualities that
are held and maintained principally for their contribution to knowledge and
culture.
They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar
Investments are valued at initially at cost and subsequently at fair value (their
market value) at the year end. The same treatment is applied to unlisted
investments unless fair value cannot be measured reliably in which case it is
measured at cost less impairmenL
Investments held for resale or pending their sale and cash and cash equivalents
with a maturity date of less than l year are treated as current asset
investments.
Stocks held for sale as part of non-charitsble trade are measured at the lower
or cost or net realisable value.
Stocks and
work in
progress
Goods or services provided as part of a charitsble activity are measured at net
realisable value based on the service potential provided by items of stock
Work in progress is valued at cost less any foreseeable loss that is likely to
occur on the contract.
Debtors (including trade debtors and loans receivable) are measured on initial
recognition at settlement amount after any trade discounts or amount
advanced by the charity. Subsequently, they are measured at the cash or other
consideration expected to be received.
Debtors

in Uganda, the directors have decided again this year that they will avoid the use of any form
of investment funds. This may be reviewed as and when decided by the Directors.
Reserves Policy
The directors have examined the charity's requirements for reserves in light of the work they
are doing and the main risks to the organisation. It has been established since the start of the
charity, that funds held by the charity should aim to be 4 months of the expenditure on
sponsor schemes, and long-term projects including provision of healthcare and basic
necessities at Ekiwumulo Village. This is reflected in our reserves entering 2026. Whilst the
income funds amounted to £80,017, a balance of £39,871 remained at the end of 2025 with
expenditure totaling £79,914 during the year. This expenditure reflects basic provision for
education, health and well-being of the children, and salaries for those working with the NGO
in Uganda and teachers salaries. It also includes provisions of costs to connect Ekiwumulo to
the mains electricity in order to provide and safer environment with more opportunities to
learn.
Expenses
The cost of general expenses this year was again just 1%. This has enabled us to continue to
maximize the use of money given to the Ugandan NGO overseas in supporting orphans and
needy children in Uganda. Esuubi will once again aim to keep costs as low as possible over the
coming year in order to ensure all money raised for the children of Mityana reaches them.
Responsibilities of the Directors
Company law requires the Directors to prepare financial statements for each financial year
which give a true and fair view of the state of the affairs of the charitable company as at the
balance sheet date and of its incoming resources and application of resources, including
income and expenditure, for the financial year.
In preparing those financial statements, the Directors should follow best practice and in so
doing:
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent; and
Prepare the financial statements on the going concern basis unless it is inappropriate
to assume that the company will continue on that basis
The Directors are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and to
enable them to ensure that the financial statements comply with the Companies Act 2006.
The Directors are also responsible for safeguarding any assets of the Company and hence
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
Directors who for the purpose of charity law are also trustees, who served during the year
and up to the date of this report, are set out on page l.
In accordance with company law, as the company's directors, we certify that:
So far as we are aware, there is no relevant audit information of which the company's
independent examiner is unaware; and

As the directors of the company, we have taken all the steps we ought to have taken
in order to make ourselves aware of any relevant audit information and to establish
that the charities independent examiner is aware of that information.
Accountants & Independent Examiners
O Olasode Bsc Msc MBA IPSM FCCA PhD of TL First Limited Chartered Certified Accountants
was appointed as the charitable company's Accountants and Independent Examiners during
this financial year.
This report has been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities and in accordance with the provisions in Part 15 of the
Companies Act 2006 relating to small entities.
Approved by the Directors on and signed on its behalf by:
Mrs Kate Campion-smith (Director)
Date (DD/MM/YY)

LSUUBI TIIUST
FINANCIAL STATF.MFNTS AND TRUSTEES RFPORT
YEAR ENDED 29 DECEMBER 2025
ACCOUNTANTS, AND INDEPENDENT EXAMINER'S REPORT
I report to the trustees on my examination of the accounts of the Esuubi Trust for the year
ended 29 December 2025.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ("the ACY,). I report in respect
of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination, I have followed all the applicable Directions given by the
Charity Commission under section 145(5)(b) of the Act.
Independent examinerfs statement
l am qualified to undertake the examination by being a qualified member of the Chartered
Association of Certified Accountants (ACCA) and Fellow of the Association (FCCA).
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination which gives me cause to believe that in, any
material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act"
or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fairf view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
SIGN
Dr Olu Olasode FCCA
Chartered Certified Accountant
TL First Accountants Limited
TL First Limited
Date: 05 July 2026

ESUUBI TIIUST
FTNANCTAL STATEMENTS AND TRUSTEES REPORT
YEAR ENDID 29 DECEMBER 2025
STATEMENT OF FINANCIAL AcfiviTIES
UNRESTRicfED
FUNDS
2025
RESTRICtED
FUNDS
2025
TOTAL
FUNDS
2025
TOTAL
FUNDS
2024
NOTE
INCOMING RESOURCES
Voluntary Income
Investment Income
Other Incoming resources
Incoming resources from
charitable activities
TOTAL INCOMING RESOURCES
32,646
48,172
80,818
79,090
32,646
48,172
80,818
79,090
RESOURCES EXPENDED
Cost of generating funds:
Cost of generating voluntary
income
Cost of goods sold and other
costs
Investment Management Costs
Charitable Activities
Governance Costs
16,170
871
57,674
73,844
871
88,853
800
TOTAL RESOURCES EXPENDED
17,041
57,674
74,715
89,653
NEf INCOME/EXPENDITURE
FOR THE YEAR BEFORE
TRANSFER
15,606
(9,502)
6,104 (10,563)
Transfers between Funds
Prior Year Adjustment
Total Funds Brought Forward
(9,820)
44,189
34,369
42,252
Total Funds Carried Forward
5,786
34,687
40,473
34,369

ESUUBI TIIUST
FtNANCIAL STATF.MFNTS AND TRUSTF.F.S RFPORT
YEAR ENDED 29 DECIMBIR 2025
BALANCE SHEET
NOTE
2025
2024
Fixed Assets
Tangible Assets
Investments
CURRENT ASSETS
Stock: Items for resale
Debtors & Prepayments
Cash & Bank
39,388
34,369
Creditors: falling due within one year
NEf CURRENT ASSETS
39,388
34,369
NEf ASSETS
39,388
34,369
INCOME FUNDS
Restricted
Unrestricted
Adjustment for Bank Balance
44,189
(9,820)
39,388
34,369
The Directors and Trustees have:
For the year ending 29 December 2025, the company was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities.
The members have not required the company to obtain an audit of its accounts for the year
in question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the
Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime.
Mrs Kate Campion-smith (Director)
Date

ESUUBI TRUST
FtNANCTAL STATEMFNTS AND TRUSTEES REPORT
YEAR ENDED 29 DECIMBER 2025
NOTES TO THE FINANCIAL sfATEMENTS
I. BASIS OF PREPARATION
1.1. Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised
at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
1.2. Going Concern
The charity is a going concern and the accounts have been prepared on a going concern basis.
1.3. Change of accounting policy
There is no change of accounting policy during the period.
1.4. Changes to accounting estimates
There is no change to accounting estimates during the period
1.5. Material prior year adjustments
There are no material prior year adjustments during the period.
2. ACCOUNTING POLICIES
2.1. Income
Recognition of
income
These are included in the Statement of Financial Activities (SOFA) when:
the charity becomes entitled to the resources;
it is more likely than not that the charity will receive the resources. and
the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses,
unless required or permitted by the FRS 102 SORP or FRS 102.
Offsetting
Grants and
donations
Grants and donations are only included in the SOFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to
the extent that the charity has provided the specified goods or services as

ESUUBI TRUST
FNANCIAL STATF.MENTS AND TRUSTEES REPORT
YEAR ENDED 29 DECEMBER 2025
entitlement to the grant only occurs when the perforniance related conditions
are met (5.16 FRS 102 SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when
there has been grant of probate, the executors have established that there are
sufficient assets in the estate and any conditions attached to the legacy are
either within the control of the charity or have been meL
Tax reclaims on
donations and
gifts
Gift Aid receivable is included in income when there is a valid declaration
from the donor. Any Gift Aid amount recovered on a donation is considered to
be part of that gift and is treated as an addition to the same fund as the initial
donation unless the donor or the terms of the appeal have specified otherwise.
Contractual
income and
perforniance
related grants
This is only included in the SOFA once the charity has provided the related
goods or services or met the perforniance related conditions.
Donated goods
Donated goods are measured at fair value (the amount for which the asset
could be exchanged) uiiless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is
deemed to be the fair value of those gifts at the time of their receipt and they
are recognised on receipt. In the reporting period in which the stocks are
distributed, they are recognised as an expense at the carrying amount of the
stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition,
which is the expected proceeds from sale less the expected costs of sale, and
recognised in 'lncome from other trading activities, with the corresponding
stock recognised in the balance sheeL On its sale the value of stock is charged
against'Income from other trading activities, and the proceeds from sale are
also recognised as 'lncome from other trading activities,.
Goods donated for on-going use by the charity are recognised as tangible fixed
assets and included in the SOFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SOFA as income from
donations when receivable.
Donated services
and facilities
Donated services and facilities are included in the SOFA when received at the
value of the gift to the charity provided the value of the gift can be measured
reliabIy.
Donated services and facilities that are consumed immediately are recognised
as income with an equivalent amount recognised as an expense under the
appropriate heading in the SOF
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
The value of any voluntary help received is not included in the accounts but is
described in the trustees, annual reporL
Income from
interest,
royalties and
dividends
This is included in the accounts when receipt is probable, and the amount
receivable can be measured reliably.

ESUUBI TRUST
FTNANCIAL STATF.MFNTS AND TRUSTEFS RF.PORT
YEAR ENDED 29 DECEMBER 2025
Income from
membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in
Donations and Legacies.
Membership subscriptions which gives a member the right to buy services or
other benefits are recognised as income earned from the provision of goods
and services as income from charitable activities.
Settlement of
insurance claims
Jnsurallce claims are only included in the SOFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as
an item of other incorne in the SOF
Investment gains This includes any realised or unrealised gains or losses on the sale of
and losses
investments and any gain or loss resulting from revaluing investments to
market value at the end of the year.
2.2. Expenditure and Liabilities
Liability
recognition
Liabilities are recognised where it is more likely than not that there is a legal
or constructive obligation committing the charity to pay out resources and the
amount of the obligation can be measured with reasonable certainty.
Governance and
support costs
Support costs have been allocated between governance costs and other
support. Governance costs comprise all costs involving public accountability
of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating
property costs by floor areas, or per capita, staff costs by the time spent and
other costs by their usage.
Where the charity gives a grant with conditions for its payment being a
speclflc level of servfce or output to be provlded, such grants are only
recognised in the SOFA once the recipient of the grant has provided the
specified service or output.
Grants with
performance
conditions
Grants payable
without
perforniance
conditions
Where there are no conditions attaching to the grant that enables the donor
charity to realistically avoid the commitment, a liability for the full funding
obligation must be recognised.
Redundancy cost The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any
trade discounts
Provisions for
liabilities
A liability is measured on recognition at its historical cost and then
subsequently measured at the best estimate of the amount required to settle
the obligation at the reporting date
The charity accounts for basic financial instruments on initial recognition as
per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per
paragraphs 11.17 to 11.19, FRS102 SORP.
Basic financial
instruments
10

LSUUIJI TIIUST
riNANCIAL STATf.Mf.NTS ANI) TIIUSTF.r.s Rf.PnRT
I'EAR fNDf.D ?9 DrcrMI.11,.R 2025
2.3. Expeiiditure and Liabilities
Taiiglble flxed These are valued at cost and capitalised if they can be used for more than one
assets for use
year, and cost at least £1,000
by cliarity
The charge for depreciation is calculated to write off the cost of the fixed assets
over their useful lives on the following bases:
Office & Musical Equipment
Furniture & fittings
Motor Vehicles
Freehold Office
25 % on the reducing balance
25 % on the reducing balance
25 % on the reducing balance
l % on the Straight Line Method
Assets are depreciated from the time at which they are brought into use.
Intangible
fixed assets
The charity has intangible fixed assets, that Is, non-monetary assets that do not
have physical substance but are identifiable and are controlled by the charity
through custody or legal rights.
They are valued at cost.
Heritage assets The charity has heritage assets, that is, non-monetary assets with historic,
artistic, scientific, technological, geophysical or environmental qualities that
are held and maintained principally for their contribution to knowledge and
culture.
They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar
investments are valued at initially at cost and subsequently at fair value (their
market value) at the year end. The same treatment is applied to unlisted
investments unless fair value cannot be measured reliably in which case it is
measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents
with a maturity date of less than l year are treated as current asset
investments.
Stocks held for sale as part of non-charitsbIe trade are measured at the lower
or cost or net realisable value.
Stocks and
work in
progress
Goods or services provided as part of a charitable activity are measured at net
realisable value based on the service potential provided by items of stock
Work in progress is valued at cost less any foreseeable loss that is likely to
occur on the contract.
Debtors (including trade debtors and loans receivable) are measured on initial
recognition at settlement amount after any trade discounts or amount
advanced by the cliarity. Subsequently, they are measured at the cash or other
consideration expected to be received.
Debtors

ESUUBI TRUST
FINANCIAL STATFMENTS AND TRUSTEFS REPORT
YEAR INDID 29 DICEMBIR 2025
Current asset
Investments
If applicable, these relate to investments which the charity holds for resale or
pending their sale and cash and cash equivalents with a maturity date less than one
year. These include cash on deposit and cash equivalents with a maturity date of
less than one year held for investment purposes rather than to meet short term cash
commitments as they fall due.
They are valued at fair value except where they qualify as basic financial
instruments.
2. INCOMING RESOURCES
Voluntary Income
UNRESTRicfED
FUNDS
2025
RESTRicfED
FUNDS
2025
TOTAL
FUNDS
2025
TOTAL
FUNDS
2024
Donations:
Sponsorship
Healthcare
Food
Teachers
Higher Education
Miscellaneous
Construction
Cafe
Expansion
Alternative Gifts
VET
37,174
37,174
35,398
400
180
4,562
4,460
33,529
510
180
4,228
6,020
180
4,228
6,020
32,646
550
32,646
550
20
20
50
32,646
48,172
80,818
79,090
l2

ESUUBI TRUST
FtNANCIAL STATF.MF.NTS AND TRUSTEFS RF.PORT
YEAR ENDED 29 DECEMBER 2025
3. RESOURCES EXPENDED
ANALYSIS OF RESOURCES EXPENDED
cosr OF
cosr OF
GENERATING
CHARITABLE
GOVERNANCE
TOTAL
TOTAL
FUNDS
AcfiviTIES
COSTS
2025
2024
Direct Charitable
Sponsorship
Healthcare
Food
School & Salaries
Higher Education
Construction Work
Alternative Gift
Miscellaneous
33,228
2,375
5,175
11,896
5,000
46,805
200
215
11,904
7,500
16,170
73,844
22,168
88,792
Indirect Costs
Accountancy Fees
Expenses (UK)
800
71
871
800
61
861
TOTAL RESOURCES EXPENDED
73,844
871
74,715
89,653
13